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The Unspoken Supply Constraint: No Miners, No Metals, No Energy Transition

The Unspoken Supply Constraint: No Miners, No Metals, No Energy Transition

August 16, 2023, marked the first anniversary of President Biden’s signature of the Inflation Reduction Act (the “IRA” or “Act”). One of the Act’s specific areas of focus is critical minerals, especially supply. In our forthcoming white (green?) paper on green metals, we at VanEck will outline the importance of the supply narrative and the factors affecting it (security, together with dependency and intensity). We still believe there will be no energy transition without green metals.

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